Market regulator Securities and Exchange Board of India (SEBI) has issued a strong caution to the public against dealing with unregistered online bond platform providers (OBPPs), following observations that several entities, including fintech firms and stockbrokers, are offering OBPP-like services without the mandatory registration required by the regulator. According to SEBI, certain platforms are operating in violation of the guidelines laid down in its circular noSEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2022/154 dated 14 November 2022, which mandates that all OBPPs must obtain registration from recognised stock exchanges. These unregistered platforms operate outside the regulatory framework and therefore lack essential safeguards designed to protect investors. SEBI has highlighted th

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